Caxton Associates LLP cut its stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 19.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,353 shares of the business services provider’s stock after selling 11,760 shares during the period. Caxton Associates LLP’s holdings in Fiserv were worth $2,754,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new stake in shares of Fiserv during the 4th quarter worth about $3,507,063,000. Dodge & Cox bought a new position in shares of Fiserv in the 4th quarter valued at approximately $3,323,210,000. State Street Corp acquired a new stake in Fiserv in the 4th quarter worth approximately $1,588,663,000. Geode Capital Management LLC acquired a new stake in Fiserv in the 4th quarter worth approximately $854,215,000. Finally, Amundi bought a new stake in Fiserv during the fourth quarter worth approximately $825,819,000. Institutional investors and hedge funds own 90.98% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on FISV. Royal Bank Of Canada set a $75.00 target price on shares of Fiserv and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Wells Fargo & Company set a $56.00 price target on shares of Fiserv and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Weiss Ratings lowered shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. reduced their target price on shares of Fiserv from $75.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Finally, Loop Capital decreased their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Six analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv has an average rating of “Hold” and a consensus target price of $76.57.
Insider Activity
In related news, CFO Paul M. Todd purchased 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.
Fiserv Stock Up 2.1%
NASDAQ:FISV opened at $51.02 on Friday. The company has a market cap of $27.21 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 1.40 and a beta of 0.82. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s fifty day moving average price is $52.21 and its two-hundred day moving average price is $57.73. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $144.05.
Fiserv (NASDAQ:FISV – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.Fiserv’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts anticipate that Fiserv, Inc. will post 8.13 EPS for the current year.
Fiserv Company Profile
Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.
Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.
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